# of Words: 543
Although the federal minimum wage has remained at $7.25 a hour since 2009, most Americans are currently covered by greater minimums determined by local and state legislation - from Los Angeles to New York country to Washington, D.C. Organized labour and anti-poverty classes continue to drive for $15 a hour as the new standard for all workers paid hourly, although given Republican control of Congress that possibility appears dim. While the concept of raising the minimum wage is broadly popular, a......Read More
In 1928 the cost of one postage was one cent, the labor for a vehicle tune-up was one dollar, along with labor cost to overhaul the engine and transmission was about $25. These facts strengthen the case for the dollar debasement that Austrian School economists have been creating for decades. Currency debasement is a consequence of monetary inflation. The Universal Law of Cause and Effect countries which each and every Effect has a Cause, also that each and every Cause or Action has a Effect. As......Read More
Placing a minimum wage that is high seems like a natural method to help lift families out of poverty. Minimum salary target individual workers with low wages, rather than families with low incomes. As a result, a large share of the greater income from salary flows to higher-income families. Raising the minimum wage has become a popular proposal to fight rising inequality and poverty in the USA. Since the last federal minimum wage increase in 2009 to $7.25 per hour, 23 states have increased their......Read More
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